AmInvest Research Reports

Stock on Radar - Teo Seng Capital

AmInvest
Publish date: Tue, 06 Feb 2024, 09:22 AM
AmInvest
0 9,345
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Teo Seng Capital surged to a new multi-year high with a long white candle yesterday, which likely indicates the return of buying interest. With a bullish hammer pattern coming off the rising 20-day EMA, we expect further upside from here. A bullish bias may emerge above the RM1.84 level, with stop-loss set at RM1.73, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.40.

Entry : RM1.84–1.93

Target : RM2.20, RM2.40

Exit : RM1.73

Source: AmInvest Research - 6 Feb 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment